IMF cuts growth forecast for Philippines World

IMF cuts growth forecast for Philippines

The International Monetary Fund (IMF) has further slashed its economic growth forecast for the Philippines for 2019 and 2020 to 5.7 percent and 6.2 percent, respectively, as the economy slowed down in the second quarter and external environment worsens.
VUFO President meets with Philippine Foreign Minister Politics

VUFO President meets with Philippine Foreign Minister

President of the Vietnam Union of Friendship Organisations (VUFO) Nguyen Phuong Nga met with Philippine Foreign Minister Teodoro Lopez Locsin in Hanoi on July 8, stressing people-to-people diplomacy’s contribution to the countries’ ties.
Philippines revises down 2019 GDP growth target World

Philippines revises down 2019 GDP growth target

The Philippines on March 13 lowered its GDP growth target for this year to 6-7 percent, instead of 7-8 percent, citing the impact of a delay in the approval from the legislature for this year's budget.
Philippines pushes for railway extension work World

Philippines pushes for railway extension work

The Philippine Government is intensifying its plan to extend the national railway network from the current 77km to 1,900km in three years, which is the centre of the country’s economic development policy.
Vietnam strongly condemns bomb attacks in Philippines Society

Vietnam strongly condemns bomb attacks in Philippines

Vietnam strongly condemns the terror bomb attacks on a Catholic cathedral in Jolo island city in the southern Philippine province of Sulu on January 27, spokesperson of the Vietnamese Foreign Ministry Le Thi Thu Hang has stated.
Philippines vows to crush terrorists World

Philippines vows to crush terrorists

The Philippine governmenthas vowed to destroythose behind twin bombings that killed 27 people and injured nearly 80 others during a church service in the country's south on January 27.
Philippines posts high economic growth World

Philippines posts high economic growth

The Philippines registered a high level of economic growth in 2017 and 2018, according to Secretary of Department of Budget and Management Benjamin Diokno.
Three Indonesian hostages freed in Philippines ASEAN

Three Indonesian hostages freed in Philippines

Three Indonesian fishermen abducted by members of an Islamist group have been freed 18 months after they were abducted in waters off the southern Philippines, the Philippine military said on September 16.
Vietnamese, Philippine ruling parties foster cooperation Politics

Vietnamese, Philippine ruling parties foster cooperation

Politburo member and standing member of the Communist Party of Vietnam (CPV) Central Committee’s Secretariat Tran Quoc Vuong had a meeting in Hanoi on August 27 with a visiting delegation of the Philippine Democratic Party-Power of the Nation (PDP-Laban), led by its Vice President Alfonso Gaba Cusi.